Appeals Court Strikes Down EPA’s Denial of SREs
*Please Note – Bob Lane was out of the office today and will return on Tuesday, November 28, 2023.
On November 22, a U.S. appeals court struck down a decision...
Sources reported two trades on wheat midds today, indicating an increase in the price range for Minneapolis and steady levels for Kansas City. Market participants observed a slight bounce as Thanksgiving week approaches with reduced run times.
CME grain pricing showed a negative trend today. December corn decreased by $0.075, falling to $4.70/bu. December wheat fell by $0.115, dropping to $5.60/bu. January soybeans shifted down, with a decrease of $0.0475 and settling at $13.85/bu. Additionally, December soymeal prices lowered by $4.40, reaching $469.20/st. The primary factor behind today’s market activity was the rainy forecast in Brazil, resulting in a decline in grain prices across the board. Despite positive projections for the USDA’s upcoming export data and a record-breaking U.S. crush last month, the soybean market still faced a slight setback.